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Copyright ©The Author(s) 2016.
World J Clin Urol. Mar 24, 2016; 5(1): 24-28
Published online Mar 24, 2016. doi: 10.5410/wjcu.v5.i1.24
Table 1 Three types of models to assess the economics of medical care
Economic models of medical careDefinition
Cost identification analysisIdentifies cost without evaluating outcomes
Cost effectiveness analysisAssess cost and outcomes; represented as an incremental cost effectiveness ratio (difference of cost between two different interventions/the difference between the health outcomes)
Cost-benefit analysisEvaluates whether the benefit is worth the cost done by measuring cost and outcomes in the same unit